MARKET CLOSE: New Zealand shares join global rally on Chinese stimulus

MARKET CLOSE: New Zealand shares join global rally on Chinese stimulus
Dan Brunskill
New Zealand shares rebounded today, as a strong lead from Wall St and stimulus from the People’s Bank of China buoyed Asian markets from coronavirus fallout and caused investors to walk back a portion of the recent sell off. The S&P/NZX 50 Index rose 92.59 points, or 0.8 percent, to 11,604.08. Within the index, 27 stocks rose, 19 fell and four were unchanged. Turnover was $180.7 million. A lift from Wall Street set the tone throughout Asia after Chinese stimulus helped allay fears about the economic impact of the coronavirus outbreak....

More Markets

Carbon prices wilt as market waits for govt signals
Policy

Carbon prices wilt as market waits for govt signals

Climate Change Commission advice eagerly awaited.

AVJennings understated revenue from NZ operations by A$12m
Markets

AVJennings understated revenue from NZ operations by A$12m

Developer picked the mistake up through the half-year period.

Wild ride in store for the New Zealand dollar
Economy

Wild ride in store for the New Zealand dollar

A rate hike would likely give the New Zealand dollar a big lift. 

NZ shares flat as earning season rolls on
Markets Market close

NZ shares flat as earning season rolls on

The S&P/NZX 50 Index closed at 11730.88, down 9.931 points or 0.08%.

Gregor Thompson 26 Feb 2024